Even after the Productivity Commission’s (PC) scathing final report on the efficiency and competitiveness of Australia’s $2.8 billion superannuation system, former Prime Minister and architect of Australia’s compulsory superannuation system, Paul Keating, has the gall to criticise the Coalition for delaying an increase in the superannuation guarantee, as well as attack the PC for recommending that an independent inquiry into the nation’s retirement income system before the super guarantee’s next scheduled increase in 2021. From The AFR:
“In the course of Clive Palmer telling Australians he will make Australia great again – he might explain to the nation’s 12.5 million employees why, in the Senate, his party voted with Joe Hockey to deny every Australian employee an extra 2.5 per cent of superannuation till 2025,” Mr Keating said…
